Voltas To Invest Rs 500 Crores On Mfg Unit In Andhra Pradesh

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    Voltas said it aims to create technologically advanced products which are expected to start rolling out from the second half of 2020. 

    Tata group firm Voltas declared that it will invest over Rs 500 crore to set up a manufacturing facility in Tirupati, Andhra Pradesh. 

    “This facility will initially manufacture and assemble air conditioners and related cooling products with a total capacity of more than 1 million units to start with,” the company said in a BSE filing. 

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    Voltas said it aims to create technologically advanced products which are expected to start rolling out from the second half of 2020. 

    The company plans to invest over Rs 500 crore while putting together an OEM (original equipment manufacturer) base for home appliances, and simultaneously creating local employment opportunities in the region. 

    Why Tirupati?
    The manufacturing facility, spread over 65 acres, will be one of the first cooling appliances unit in Andhra Pradesh. The choice of Andhra Pradesh as the destination for the new manufacturing unit was due to the state’s ease of doing business and growing focus on ‘Make in India’, it said. 

    The chosen location provides dual benefits of superior market access and cost effective connectivity via road and port, it added. Voltas will cater to the south, west and east markets through this manufacturing facility. 

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